1861 CSA $1000 Confederate States of America~ Montgomery Bond~Cr 8 REPRODUCTION

Description: Up for sale is a reproduction of an 1861 $1000 Confederate States of America Bond. Don't miss your chance to own a piece of Confederate history.One of the last CSA bonds issued in Montgomery. It is Criswell number 9 and Ball number 8. The $1000 bond serial number 7137 was issued on 1 May 1861. It was signed by H.D. Capers and Robert Tyler. The coupons are signed by C. C. Thayer. There is no engraver's identification on it but it was printed by the American Banknote Co in New Orleans. A total of 7071 were issued.The first Confederate bonds were issued in Montgomery, Alabama, the then-capital of the Confederate States of America (CSA). The CSA for formally proclaimed in February 1862 by the seven States that had seceded from the United States following the election of Lincoln. The capital was moved to Richmond Virginia in May 1861. Meanwhile four other states joined the Confederacy and two other States had both Confederate and Union government factions (Kentucky and Missouri). Maryland had pro-secession feelings but Lincoln arrested or barred the strongest pro-Southern State legislators from their constitutional duties to prevent enactment of a secession declaration. Maryland did provide many units that fought with the Confederacy against the Federals. In addition there was the Territory of Arizona encompassing much of today's States of New Mexico and Arizona. After secession, the seceding States called for the US to abandon their military bases in their territories. In April 1861, Lincoln sent a replenishment ship to Fort Sumter in the harbor of Charleston South Carolina. This caused the bombardment of Fort Sumter and launched the War for Southern Independence. These bonds were issued to support the Confederate Government and for defense of their territories from Northern aggression. Confederate bonds were first cataloged by Grover Criswell who issued his Confederate and Southern States Bonds in 1961. Later Douglas Ball published his Comprehensive Catalog and History of Confederate Bonds in 1998. Each has its own numbering system, both of which are referenced to the particular bond pictured.These bonds were issued with semi-annual coupons that the bondholder could cash from the bond's issuance to its expiration. Many of these bonds had coupons that were payable as late as 1894. Many of these bonds are found with stamps on the rear indicating certain overseas Bond Holders organizations hoping that the USA would pay off the Confederate bonds. The Fourteenth Amendment to the US Constitution enacted on 9 July 1868 forbade recognition of Confederate debt:"But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, ... but all such debts, obligations and claims shall be held illegal and void."

Price: 18.61 USD

Location: Canton, North Carolina

End Time: 2024-02-08T02:29:28.000Z

Shipping Cost: 0 USD